Business First Bancshares are trading higher after the company reported better-than-expected Q2 financial results. Additionally, Raymond James upgraded the stock from Market Perform to Outperform and announced a $20 price target.
Portfolio Pulse from Benzinga Newsdesk
Business First Bancshares reported better-than-expected Q2 financial results, leading to a rise in its stock price. Raymond James upgraded the stock from Market Perform to Outperform and set a $20 price target.
July 28, 2023 | 4:05 pm
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Business First Bancshares' Q2 results exceeded expectations, causing its stock to rise. The stock was upgraded by Raymond James, which also set a $20 price target.
The better-than-expected Q2 results indicate a strong financial performance by Business First Bancshares, which is a positive signal to investors. This, coupled with the upgrade by Raymond James, has led to an increase in the stock price. The $20 price target set by Raymond James suggests further potential for growth.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100